WisdomTree International Equity Fund (NYSEARCA:DWM) Hits New 1-Year High – Should You Buy?

WisdomTree International Equity Fund (NYSEARCA:DWM) hit a new 52-week high on Monday . The stock traded as high as $70.91 and last traded at $70.8650, with a volume of 3425 shares. The stock had previously closed at $70.50.

WisdomTree International Equity Fund Stock Performance

The stock has a fifty day moving average of $67.79 and a 200-day moving average of $66.23. The company has a market cap of $652.28 million, a PE ratio of 13.53 and a beta of 0.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. AE Wealth Management LLC lifted its holdings in WisdomTree International Equity Fund by 140.4% during the 2nd quarter. AE Wealth Management LLC now owns 428 shares of the company’s stock valued at $27,000 after buying an additional 250 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of WisdomTree International Equity Fund during the second quarter worth approximately $32,000. Allworth Financial LP bought a new stake in shares of WisdomTree International Equity Fund during the second quarter valued at approximately $50,000. Integrated Wealth Concepts LLC purchased a new stake in shares of WisdomTree International Equity Fund in the third quarter valued at approximately $67,000. Finally, Advisory Services Network LLC purchased a new stake in shares of WisdomTree International Equity Fund in the third quarter valued at approximately $79,000. Hedge funds and other institutional investors own 67.46% of the company’s stock.

About WisdomTree International Equity Fund

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.